News Column

Agthia makes AED 160.1 mln profit in FY13

February 24, 2014

Agthia Group released financial statements for FY13, which reflected net

earnings of AED 160.1 million, rising 28% compared to the year before, due

to the higher sales and improved margins.

The company recorded net

sales of AED 1.51 billion, increasing 14% Y-o-Y.

Q4-13 sales rose 13% Y-o-Y to AED 386.7 million, while net profit reached AED

39.3 million, increasing 21% Y-o-Y.

Total SG&A expenses increased

in FY13by 15% to AED 255.6 million. The increase was attributable to

higher distribution costs due to higher sales volumes, investment in

marketing activities, new business costs, employee related costs and other

inflationary increases;

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Source: Mubasher (Saudi Arabic)

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